GulfBase Live Support
20/07/2009 00:00 AST
“Ras Al Khaimah co. for white cement and construction materials”achieved AED 50 Million as a net profit for the H1 of 2009.
It is noted that the operational profit has a major growth as it reaches AED 38.8 Million compared to AED 16.5 Million for the first half of 2008 the growth was 135%.
Moreover and in spite of the exceptional situation of the stock markets the company earned AED 15.9 Million from its investments.
There was a growth also in the total assets of the company compared with Dec 31,2008,assets.On June 30,2009 the total asset of the company was AED 875.4 Million compared to AED 829 Million on Dec 31,2008.
The total liabilities decreased to reach AED 106 Million on june 30,2009 while it was AED 127.5 on Dec 31,2008.
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